PSFT - Fiscal 1998 - Discussion for the next year Message Board

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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year

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Oct 29 5:00 PM EST

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To: EepOpp who wrote (4316)	1/26/1999 10:32:00 PM
From: Chuzzlewit	Read Replies (1) of 4509

Will, if you recall PSFT met expectations in the 3rd quarter. The problem was future growth, and the fact that they had back-tracked from previously bullish remarks. And in the comments accompanying the income statement they were very uncertain about future growth because of polls and census work with IT managers. They didn't pre-announce earnings because earnings were in line with estimates. Furthermore, they were in a quiet period at the time. That precludes them from making remarks unless they have something material and specific to say. But if you look at the statement made during in the 3rd quarter earnings statement they specifically said they were reducing estimated growth because of uncertainty. TTFN, CTC

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